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cliff, consumers think next year we'll see higher taxes and lower entitlements. the only place in our space where we see a very significant fiscal cliff hit is aspirational customer, so the step-up customer into low-end tiffany's jewelry, for example, we just don't think they showed up this year. >> even if people, stacy, are going to be hit by higher taxes next year, at least some people are going to be hit by higher taxes next year, a lot of this is psychological, isn't it. you turn on the tv and you're feeling spooked, right? and once we have a deal or resolution, uncertainty taken away, will people unleash their spending? will this be unlocked? >> i think at the high end, yes, there will be some relief, and, you know, to laura's point, we were in tiffany over the weekend, you would be shocked how much sales help was available on the silver floor. typically you can't get near a sales person there. >> right. >> but a lot of it is psychological, but then again, christmas has come and gone and the full-margin products have come and gone. you fix the fiscal cliff
cliff, consumers think next year we'll see higher taxes and lower entitlements. the only place in our space where we see a very significant fiscal cliff hit is aspirational customer, so the step-up customer into low-end tiffany's jewelry, for example, we just don't think they showed up this year. >> even if people, stacy, are going to be hit by higher taxes next year, at least some people are going to be hit by higher taxes next year, a lot of this is psychological, isn't it. you turn on...
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looks good. >> thank you carl. >> see you next time. >>> financials and the fiscal cliff. what is next for the big bank trade after a big run up in 2012? we have sanford bernstein's brad hintz to weigh in. first rick santelli always clean shaven is joining us next working on something for a little later on. >> we have jeff carter. we're going to talk about the fiscal cliff but from a much more cynical perspective. he believes that the cbo's call, if we go over the cliff in recession, well, he doesn't believe him. he says there is a keynesian base. what does it mean? he too cynical? i don't know. tune in in about 11 minutes to find out. >>> financials and the fiscal cliff plus the looming february stress tests is the big bank runup of this year finally coming to a close? brad hintz is an equity research analyst and joins us from new york. good to see. good morning. >> thanks for having me. >> new year is going to be fascinating to watch. dodd frank implementation. let's just talk about the rules first. investors know these are coming and why are the stocks trading up in lig
looks good. >> thank you carl. >> see you next time. >>> financials and the fiscal cliff. what is next for the big bank trade after a big run up in 2012? we have sanford bernstein's brad hintz to weigh in. first rick santelli always clean shaven is joining us next working on something for a little later on. >> we have jeff carter. we're going to talk about the fiscal cliff but from a much more cynical perspective. he believes that the cbo's call, if we go over the...
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if the fiscal cliff is fixed, then have a very strong first half and back half of next year. if it doesn't, we will have a situation that we see at christmas where low sales will not translate to mixed earnings. they will see a lot of margin improvements and upside from there. >> all right. we will leave it there. thank you. i appreciate your time. have a great holiday. >> thank you. >>> up next, hollywood is eyeing what could be the best for the box office ever. pushing towards the finish line is the hobbit. we will find out if the movie momentum should have a starring role in your 2013 portfolio and it could be the moment expensive christmas dinner in history. but why is no one buying? we have details including the $60,000 bottle of champagne. stay with us. >>> there aren't as many films as there used to be. holiday's take is down this year, according to the street.com. but there have been memorable holiday releases in the past. what are the three biggest christmas block busters of all time? find out next. a body at rest tends to stay at rest... while a body in motion tends
if the fiscal cliff is fixed, then have a very strong first half and back half of next year. if it doesn't, we will have a situation that we see at christmas where low sales will not translate to mixed earnings. they will see a lot of margin improvements and upside from there. >> all right. we will leave it there. thank you. i appreciate your time. have a great holiday. >> thank you. >>> up next, hollywood is eyeing what could be the best for the box office ever. pushing...
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. >> and then next as lawmakers make a last-ditch effort to avoid the fiscal cliff, what's an investor to do right now? should you opt for the relative safety of gold in the new year, for example, or take your chances with, oh, how about stocks? it's gold versus stocks when we come back after this. iency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> as we speak, congressional leaders and president obama are meeting at the white house as they work on last-minute negotiations to try
. >> and then next as lawmakers make a last-ditch effort to avoid the fiscal cliff, what's an investor to do right now? should you opt for the relative safety of gold in the new year, for example, or take your chances with, oh, how about stocks? it's gold versus stocks when we come back after this. iency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and...
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one of our next guests says should we go over the fiscal cliff, someone else on wall street says the cliff will not be a doomsday event. we'll get them to make their case coming up. >> and also later on. facebook making an about face on using user photos for advertising. >> and winter storm euclid is pummeling the east coast. the latest storm and storm track coming up in the next hour of the program. you're watching cnbc, first in business worldwide. plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aid
one of our next guests says should we go over the fiscal cliff, someone else on wall street says the cliff will not be a doomsday event. we'll get them to make their case coming up. >> and also later on. facebook making an about face on using user photos for advertising. >> and winter storm euclid is pummeling the east coast. the latest storm and storm track coming up in the next hour of the program. you're watching cnbc, first in business worldwide. plus, in-branch seminars at over...
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so i think we're dealing with a slowdown, even if they have some resolution to the fiscal cliff. i think the difference between next year, 2013, and this year, is if you think about what we were dealing with coming into the year in the beginning of 2012, people are concerned about the breakup of the euro, imminent u.s. recession, they were saying, china hard landing. so when some of these things didn't happen, all we needed last year, this year, was less bad in the market. i think in 2013, we're going to need to see better economic growth as the year moves forward. because, as you say, the market is reasonably valued. but it's not cheap. and i think to jason's earlier point, there are some stocks out there that are very, very attractive. but there are some stocks that look fairly expensive, and those are the ones that are the defensive, and high-income plays today. >> chris, everyone's waiting for this asset allocation shift away from fixed income, towards equities. the retail investor, for whatever reason, for a variety of reasons that we can all list, i guess, has just been ver
so i think we're dealing with a slowdown, even if they have some resolution to the fiscal cliff. i think the difference between next year, 2013, and this year, is if you think about what we were dealing with coming into the year in the beginning of 2012, people are concerned about the breakup of the euro, imminent u.s. recession, they were saying, china hard landing. so when some of these things didn't happen, all we needed last year, this year, was less bad in the market. i think in 2013,...
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about the deal regarding the fiscal cliff. and consumers on everything from cell phones to tablets could become vulnerable to cyber-crime. mcafee has released its 2013 predictions report and expect to see a rapid level of cyber-threats in the coming year. michele is the privacy officer of mcafee. good morning. >> good morning to you. >> strikes me as we all go mobile, talk about opening a new doorway for thieves and criminals to enter, what does that mean for threats in the new year? >> it's really interesting. mobile is one of the places we're seeing a lot of new attacks. there's a couple deficit vectors for the attacks. the bump and steal attack. nfc, how you do mobile wallet. crooks are able to walk through crowds and literally bump into your phone and steal information from your phone. that's one of the attacks. the other thing is your telephone has turned into a powerful computing device and like you protect your pc and other devices, you need to think about protection on the phone itself from traditional hacking exploits
about the deal regarding the fiscal cliff. and consumers on everything from cell phones to tablets could become vulnerable to cyber-crime. mcafee has released its 2013 predictions report and expect to see a rapid level of cyber-threats in the coming year. michele is the privacy officer of mcafee. good morning. >> good morning to you. >> strikes me as we all go mobile, talk about opening a new doorway for thieves and criminals to enter, what does that mean for threats in the new...
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. >> it could be fiscal cliff-proof, the big trade you cannot avoid coming up next. >> and a montana rancher makes his voice heard on estate taxes. if we go over the cliff, he said it could put farms out of business. >> and the governor of montana will weigh in on that himself. more on that when we come back. stay tuned. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. . >>> another day, another step closer to the edge. talking about the fiscal cliff, of course. how are traders protecting themselves from the w
. >> it could be fiscal cliff-proof, the big trade you cannot avoid coming up next. >> and a montana rancher makes his voice heard on estate taxes. if we go over the cliff, he said it could put farms out of business. >> and the governor of montana will weigh in on that himself. more on that when we come back. stay tuned. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced...
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. >>> in our next hour, more nonsense. have you heard about the fiscal cliff? we go deeper into another cliff that's more of a threat to our economy. it is the container cliff. >>> i own maria's italian kitchen. we employ 400 people. the fiscal cliff is going to impact our business, who knows how much we can spend to increase our business and expansion may not be possible. the customers are so uncertain as to how they will spend their money that eating out may be considered a luxury. it really hinders our expansion possibilities. this is not a partisan issue. this is an american issue. the american people have been on a roller coaster for the past four years. it's time for them to get on stable ground. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a d
. >>> in our next hour, more nonsense. have you heard about the fiscal cliff? we go deeper into another cliff that's more of a threat to our economy. it is the container cliff. >>> i own maria's italian kitchen. we employ 400 people. the fiscal cliff is going to impact our business, who knows how much we can spend to increase our business and expansion may not be possible. the customers are so uncertain as to how they will spend their money that eating out may be considered a...
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first, we have to get back to the fiscal cliff impasse and the president's decision to ask the senate leaders to make a deal. here now to ace cnbc contributor, biden's chief economist and jimmy path kukis of the american enterprise institute. will we have a deal by monday. >> >> think we are. if you had asked me before the president spoke i would have said no. >> why? >> because i can see a path. if mcconnell and reid can hammer out a deal that's acceptable to both of them i believe that john boehner will let that deal come up for a vote in the house, and i believe that vote will pass in the house though probably with majority democrat. if that happens, we may well have a deal. >> you said a big f, though. if mcconnel and reid can hammer something out. the senate hasn't passed a budget in years, jared. tell me, how is harry reid going to come up with something by monday? >> well, as you've been stressing for most of the show, correct me, this is not a budget. this is a last-minute deal that's going to have a few components and i will count them on one hand that will have a tax thresho
first, we have to get back to the fiscal cliff impasse and the president's decision to ask the senate leaders to make a deal. here now to ace cnbc contributor, biden's chief economist and jimmy path kukis of the american enterprise institute. will we have a deal by monday. >> >> think we are. if you had asked me before the president spoke i would have said no. >> why? >> because i can see a path. if mcconnell and reid can hammer out a deal that's acceptable to both of...
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the markets are looking for some direction after fiscal cliff negotiations stall. we get the word from the nyse floor, next on what you should be watching in today's session. later on, the anti-tax man himself is here to tell us about how he feels about the latest developments in the fiscal cliff negotiations. what a wild ride here we've seen all morning long. right now the dow up about 25. >>> welcome back to "squawk on the street." i'm john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that under a couple of conditions. one is that if the threshold goes up to that level, the top income tax rate would go all the way back up to the clinton era rate of 39.6%. not some mid point of 37% talked about a couple of weeks ago. secondly, that it would be accompanie
the markets are looking for some direction after fiscal cliff negotiations stall. we get the word from the nyse floor, next on what you should be watching in today's session. later on, the anti-tax man himself is here to tell us about how he feels about the latest developments in the fiscal cliff negotiations. what a wild ride here we've seen all morning long. right now the dow up about 25. >>> welcome back to "squawk on the street." i'm john harwood in washington. i want to...
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fewer than five days to go until whi we go over the proverbial fiscal cliff and when dividend taxes go up it makes an already bad situation worse. >> right now the tax is 15%. by next tuesday, folks, wouts a deal from congress, they are going to more than double to 39.6%. now he wrote this opinion piece in "forbes" highlighting an unfair tax code that rewards debt and penalizes those dividend payments. joining us now here is the author of that, the ceo of otc markets group. you've got a real bone to pick over this. plain your special. thank you amanda and bill. have 16 under daying securities in the otc marketplaces. these companies attract dividend investors. keep them honest and great source of revenue. hour, dividend taxes are not taxed at 15% but are double taxed. companies have to pay taxes on their profits before distributing them as dividends. dividends are double taxed and will almost be triple taxed unless we do something in washington. all those million of dividend investors should be really angry. bad for them but it's bad for the economy. >> realistically though could we re
fewer than five days to go until whi we go over the proverbial fiscal cliff and when dividend taxes go up it makes an already bad situation worse. >> right now the tax is 15%. by next tuesday, folks, wouts a deal from congress, they are going to more than double to 39.6%. now he wrote this opinion piece in "forbes" highlighting an unfair tax code that rewards debt and penalizes those dividend payments. joining us now here is the author of that, the ceo of otc markets group....
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does the fiscal cliff even matter? over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insue q usaa. we know what it means to serve. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be m
does the fiscal cliff even matter? over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insue q usaa. we know what it means to serve. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with...
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five days to go until the fiscal cliff and the heat is turning up on both sides of the aisle. house speaker john boehner says the senate needs to act first. meantime, just about 40 minutes ago, tim geithner said the u.s. is simply running out of money. let's get the latest on this game of chicken from c nbc's chief political correspondent, john harwood. john? >> melissa, i want to bring you up to date on the fiscal cliff developments. first of all, as you mentioned, secretary geithner has informed the senate that the united states government will hit its debt ceiling on monday. that is december 31st. now, that doesn't mean that anything happens immediately, because the treasury can take various steps to postpone the moment of reckoning, probably a couple of months. it's still significant. that's an effort to pressure congress. secondly, the house republicans have met, leadership has met, sent a letter to democrats saying the house has acted, now it's up to the senate to act. that's, of course, the m theic-controlled senate which has no intention of taking up that house bill, w
five days to go until the fiscal cliff and the heat is turning up on both sides of the aisle. house speaker john boehner says the senate needs to act first. meantime, just about 40 minutes ago, tim geithner said the u.s. is simply running out of money. let's get the latest on this game of chicken from c nbc's chief political correspondent, john harwood. john? >> melissa, i want to bring you up to date on the fiscal cliff developments. first of all, as you mentioned, secretary geithner has...
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the markets may be hanging off the fiscal cliff, causing investors to take cover until caller waters prepail. we want to know which stock you are betting on for high risk high reward in 2013. let's be clear, this is money that you're willing to lose. this is a lottery ticket play. this is, if you have to take a flyer on any stock in 2013, what would it be and we asked our traders, so, doc jay? >> scientific games. sgms. if mobile gaming, if you start walking around with one of these and you can play all manner of gaming, video poker, slot machine, all that sort of thing, these guys make that kind of technology work. that's why i like sgms. it was north of $40 five years ago. it's cheaper than going to see "les mis" though anthony's daughter is in it. >> correct. i've seen it three times. >> gets better each time, right? >> better each time and i caught the seconds she's in it. go amelia. >> steve weiss, similar rationale. you picked a stock that is in the -- >> toilet. >> yes. thank you for saying that. >> nihd. and here's the story with it. it's cheap. only four times enterprise val
the markets may be hanging off the fiscal cliff, causing investors to take cover until caller waters prepail. we want to know which stock you are betting on for high risk high reward in 2013. let's be clear, this is money that you're willing to lose. this is a lottery ticket play. this is, if you have to take a flyer on any stock in 2013, what would it be and we asked our traders, so, doc jay? >> scientific games. sgms. if mobile gaming, if you start walking around with one of these and...
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the fiscal cliff. >>> the dow erases a 150 point decline on news that the house will be back in session on sunday evening. and time is rubbing out to avoid a strike at 14 major east coast ports. a work stoppage to cost the economy $1 billion a day. it's friday, december 28th, 2012. and "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. and it does feel like we're living a bit on the edge of the fiscal cliff, at least. i'm andrew ross sorkin along with joe kernen and becky quick is off today. our guest host this hour, ed kehone. he's the management associate portfolio manager and we are thrilled to have ed aboard for -- i think you'll be here for longer than an hour. you'll be here for the whole broadcast. >> as long as you need me. >> you're like -- how long were you at -- you were at prudential. >> it's owned by prudential, so i've been at peru don'tal for almost 15 years now. >> widely quoted. you know who has made a comeback is ralph -- >> akampora. >> i've see
the fiscal cliff. >>> the dow erases a 150 point decline on news that the house will be back in session on sunday evening. and time is rubbing out to avoid a strike at 14 major east coast ports. a work stoppage to cost the economy $1 billion a day. it's friday, december 28th, 2012. and "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. and it does feel like we're living a bit on the edge of the fiscal cliff, at least....
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. >> five days away from going over that fiscal cliff, as matthew said. how should you position your portfolio? gentlemen, good morning to you both. good to see you again. >> thanks for having me. >> good morning. >> charles, everybody wants to know, if you're in the mood to buy something, do you really take a flier on congress getting it together, even if the president is coming back early from vacation? >> no. it would be a mistake to be trading your portfolio based on your outlook, this is the most widely covered story i've seen in a long time. it would be a bad idea to try to invest, making a prediction around the fiscal cliff. what you do know, we believe when this gets solved, and it will, that the stock market looks pretty cheap to us. when they get behind this, there are certain sectors that will do very, very well. >> david, is it possible, i mean, if this goes well into january, and we are down 500 points, 600 points, what do you do? >> well, i think you have to look long term, carl. that's a little bit trite, but ultimately you have to look at
. >> five days away from going over that fiscal cliff, as matthew said. how should you position your portfolio? gentlemen, good morning to you both. good to see you again. >> thanks for having me. >> good morning. >> charles, everybody wants to know, if you're in the mood to buy something, do you really take a flier on congress getting it together, even if the president is coming back early from vacation? >> no. it would be a mistake to be trading your portfolio...
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first up, the fiscal cliff just four days away. it doesn't look like anybody is rising above. at least not as far as i can tell. would it be better, i'm not sure better than what, if we just went over the cliff. michelle? >> you know what, i'm beginning to think so, tyler, based on what we said at the top of the show and the following. during this whole process i asked democrats, hey, listen. if the republicans raise taxes on everybody that you want them to, would you at least means test medicare for millionaires. the vast majority says no. i asked republicans, hey, if the democrats had an epiphany and they said we think democrat ryan is right, would you raise taxes on millionaires? they say, no. so there's no middle ground even if you get nirvana on both sides. it's ridiculous. i'm tired of it. >> clkayla? >> tyler, is the right thing to encourage washington yet again that rules and deadlines are made to be broken? at this point that's what they believe. this would be yet another example of that. i don't think that's good for the long term. >> the stupid way from my perspecti
first up, the fiscal cliff just four days away. it doesn't look like anybody is rising above. at least not as far as i can tell. would it be better, i'm not sure better than what, if we just went over the cliff. michelle? >> you know what, i'm beginning to think so, tyler, based on what we said at the top of the show and the following. during this whole process i asked democrats, hey, listen. if the republicans raise taxes on everybody that you want them to, would you at least means test...
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crosses the fiscal cliff. joining us now on set, eric dinallo e, the former new york state insurance superintendent. you have lots of deficit perspectives on this, perhaps from the insurance sort of angle. you were saying during the commercial break, you have a political view on this as well. >> i'm now convinced, this is very very cynical. it's easier for politicians who signed up on that pledge, they can go to their voters and say i didn't vote for a tax increase, i voted for a tax increase. if they go in over the cliff, it comes in automatically. >> the public is that dumb in 2014 people running campaign commercials? >> the headlines are simple, did not vote for a tax hike, tax increase and people couldn't get their house in order and that's the story and how simple sometimes politics are what you can say with a straight face versus not. >> you were here three or four weeks ago talking about insurance implications for insurance companies. and where we are now, insurance companies, will this change their bus
crosses the fiscal cliff. joining us now on set, eric dinallo e, the former new york state insurance superintendent. you have lots of deficit perspectives on this, perhaps from the insurance sort of angle. you were saying during the commercial break, you have a political view on this as well. >> i'm now convinced, this is very very cynical. it's easier for politicians who signed up on that pledge, they can go to their voters and say i didn't vote for a tax increase, i voted for a tax...
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>> no, i think there could be a deal that will avoid the fiscal cliff. but it will be a short-term deal, not a big deal. it will kick the can down the road on the important issues. like let's assume the president got the entire increase on the top 2%. that's only $400 billion. where is the next $800 billion going to come from? nobody's decided. those are tough issues. is it going to be meaningful entitlement reform? meaningful reform of the health care cost curve? are we going to do something about military spending? robert gates says we can take $80 billion a year out of the military budget. we're not going to do that. but are we going to do something meaningful? those are the issues. all we seem to have done, even if we pull it out in the last week, we kick the can down the road on the very important long-term issues. >> so if this is really a blown opportunity, to borrow your phrase, how does the campaign to fix the debt's mission change? or does it stay constant as we kick this and move it into the new year? >> we're constant. we're back there bangin
>> no, i think there could be a deal that will avoid the fiscal cliff. but it will be a short-term deal, not a big deal. it will kick the can down the road on the important issues. like let's assume the president got the entire increase on the top 2%. that's only $400 billion. where is the next $800 billion going to come from? nobody's decided. those are tough issues. is it going to be meaningful entitlement reform? meaningful reform of the health care cost curve? are we going to do...
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cliff. let's listen to harry reid. >> we are here in washington working while members of the house of representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> now, the speaker of the house, john boehner, sort of retorting to reid, ali. in a conference call he said the leaders should do more -- or pardon me. less talking and more legislating. he wants the senate to take up a bill that the house has already passed to extend all rates and either take it up in whole or amend it. amending it, and changing that threshold down to closer to what president obama wants. a quarter million as a threshold. that seems more likely. we'll watch this meeting. we don't know what will happen, that's the truth much and we'll watch to see what will come out of it. does it seem like perhaps there is a spirit of compromise? or do they come out very far apart. an indication that it will be read as an indication we may go over t
cliff. let's listen to harry reid. >> we are here in washington working while members of the house of representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> now, the speaker of the house, john boehner, sort of retorting to reid, ali. in a conference call he said the leaders should do more -- or pardon me. less talking and more legislating. he wants the senate to take up a bill that the house...
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you've heard about the fiscal cliff. what about the dairy cliff? that's what dairy farmers and milk producers are called dairy subsidies set to expire. unless congress extends legislation, you could see milk prices double next year to about $7 a gallon. 7 bucks a gallon. with congress' attention on the fiscal cliff, could take a few weeks to address this. might want to stock up on milk while the prices are still lower this week. >>> a winter storm could become a big problem for winter travelers. what you need to know before heading out this christmas eve, next. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. on any new volkswagen. progressive direct and
you've heard about the fiscal cliff. what about the dairy cliff? that's what dairy farmers and milk producers are called dairy subsidies set to expire. unless congress extends legislation, you could see milk prices double next year to about $7 a gallon. 7 bucks a gallon. with congress' attention on the fiscal cliff, could take a few weeks to address this. might want to stock up on milk while the prices are still lower this week. >>> a winter storm could become a big problem for winter...
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and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night and vow to keep these negotiations going on today. the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care. bush was moved to regular patient room on saturday to continue his recovery. the 88-year-old was initially hospitalized with bronchitis last month, came down last week with a stubborn fever. >>> parts of the midwest are under a windchill advisory today. it's going to feel like 35 below in parts of minnesota, iowa
and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night and vow to keep these negotiations going on today. the gridlock in washington could also hold up your tax refund. you might have to wait until late march...
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first, i want to ask you about the fiscal cliff and what's happening in the next couple of days. first, do you think it's possible we'll get anything other than a band-aid between now and six days from now when the triggers kick in? >> i'm very optimistic if all of us pull our weight and do some serious conversations we'll have a bipartisan solution, because nobody wants to go over this fiscal cliff. it will damage our economy. it will hurt every taxpayer, the largest tax increase in history. it will affect everybody, and anyone who is watching who thinks, oh this isn't going to impact me, you will fin out d o will, and we know the problem is a lot of spending. not that we're not taxing people more, we're just spending too much. we hope that the president understands that as for as republicans are concerned, we're willing to negotiate and have a civil conversation, but also he's got to bring in some spending cuts and tax reform, because americans want tax reform and we don't want to hurt the economy, and, look there, are not enough millionaires in the united states to tax them al
first, i want to ask you about the fiscal cliff and what's happening in the next couple of days. first, do you think it's possible we'll get anything other than a band-aid between now and six days from now when the triggers kick in? >> i'm very optimistic if all of us pull our weight and do some serious conversations we'll have a bipartisan solution, because nobody wants to go over this fiscal cliff. it will damage our economy. it will hurt every taxpayer, the largest tax increase in...
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cliff, but what about the house, which punted on boehner's plan b. house congressman steve latourette, by the way someone who has repudiated grover norquist's pledge joins us next. >>> and mark zuckerberg's sister confused about facebook's privacy settings. we'll have the details of that ahead. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use
cliff, but what about the house, which punted on boehner's plan b. house congressman steve latourette, by the way someone who has repudiated grover norquist's pledge joins us next. >>> and mark zuckerberg's sister confused about facebook's privacy settings. we'll have the details of that ahead. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car...
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. ♪ >>> ahead on "starting point," the latest on the fiscal cliff negotiations. we'll ask one house member if he expects to be voting on a deal today. next, utah congressman jason chaffetz. and is the kardashian clan about to get bigger? the new year's news you had to have. kim and kanye west, they respond to the pregnancy rumors. >>> breaking news, everyone. you're watching "starting point." so i switched my car insurance to state farm... saved $480 bucks. you know what that is? yeah. don't say it. so you know what it is, right? yeah, yeah, don't. that's a lot of dough! ♪ [ male announcer ] switch and you could save $480 bucks with state farm. when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at letsfightfat.com. >>> millions of americans countin
. ♪ >>> ahead on "starting point," the latest on the fiscal cliff negotiations. we'll ask one house member if he expects to be voting on a deal today. next, utah congressman jason chaffetz. and is the kardashian clan about to get bigger? the new year's news you had to have. kim and kanye west, they respond to the pregnancy rumors. >>> breaking news, everyone. you're watching "starting point." so i switched my car insurance to state farm... saved $480...
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Dec 27, 2012
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, we are just five days away now from going over the fiscal cliff. happy new year. here's what you might have missed. president barack obama has left hawaii. he left last night, arriving in d.c. early this morning. the senate is also coming back from its christmas vacation to work on a deal today. sources tell us majority leader harry reid will be pushing a scaled back version of the fiscal cliff package that president obama laid out last week. it moved the tax hike needle to $400,000 per household. no word yet on when the house might come back with time ticking away. democrats are hoping that a scaled back plan could get through the house, senate and white house before that big ball drops on 2013. that would be sometime on december 30th or even on new years eve. we want to bring in jonathan allen. he's a senior national correspondent for politico. the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is
, we are just five days away now from going over the fiscal cliff. happy new year. here's what you might have missed. president barack obama has left hawaii. he left last night, arriving in d.c. early this morning. the senate is also coming back from its christmas vacation to work on a deal today. sources tell us majority leader harry reid will be pushing a scaled back version of the fiscal cliff package that president obama laid out last week. it moved the tax hike needle to $400,000 per...
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Dec 24, 2012
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we're talking about three things when we talk about the fiscal cliff. one is the bush tax cuts of 2001 and 2003 that the democrats claim they want to protect for most americans. they all voted against them. they didn't want them in the first place, but now they recognize how terribly important they are, they claim. for two full years, all of 2009 and all of 2010, obama was president. you had a super majority of democrats in the house and the senate. they could have passed making permanent those tax cuts for l all, some americans, people making less than $250,000 a year, they could have done that. they didn't. why do you believe the democrats really want to do something they no longer have the votes to do when they could have done it when they had the votes. that's one part of the fiscal cliff. the other part is the sequester, which saves money. the president wants to end that. and the third part is $1 trillion in obama's taxes. that's the obama care taxes they hid from you because they're all scheduled to come in after he got safely elected. >> let's go
we're talking about three things when we talk about the fiscal cliff. one is the bush tax cuts of 2001 and 2003 that the democrats claim they want to protect for most americans. they all voted against them. they didn't want them in the first place, but now they recognize how terribly important they are, they claim. for two full years, all of 2009 and all of 2010, obama was president. you had a super majority of democrats in the house and the senate. they could have passed making permanent those...
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>> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giving explanations for 99.8% of americans who are not accountants. but the amt patch will
>> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from...
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Dec 25, 2012
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they have just seven days to reach a deal on the fiscal cliff, and right now, president obama and house speaker boehner are still far apart on an agreement. they'll be back to work on thursday to try to prevent this looming financial disaster. >>> he played the grouchy oscar on the odd couple, and tonight, hollywood is remembering jack klugman, the versatile character actor died at his california home today. from 12 angry men, he had decades of memorable roles on film and tv. he was 90 years old. >>> well, it could be a christmas of extreme weather for much of the u.s. a major storm is developing and gaining strength in the south. and it could lead to tornado outbreak. there are also warnings of hail, high winds, and heavy rain across the region. stay with cnn for the very latest on the threat of this dangerous weather. and on a much more cheerful note, here comes santa and his reindeer. norad is watching the jolly fellow, as is the tradition since 1955, tracking st. nick as he delivers all of those presents to kids around the world. right now, he's in greenland. keep watching, keep wai
they have just seven days to reach a deal on the fiscal cliff, and right now, president obama and house speaker boehner are still far apart on an agreement. they'll be back to work on thursday to try to prevent this looming financial disaster. >>> he played the grouchy oscar on the odd couple, and tonight, hollywood is remembering jack klugman, the versatile character actor died at his california home today. from 12 angry men, he had decades of memorable roles on film and tv. he was 90...
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thank you. >>> coming up next, the fiscal cliff. we're close enough now to peek over the edge of that cliff. insiders say buckle up and prepare for the worst. ♪ ooh baby, looks like you need a little help there ♪ ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive system. try the #1 gastroenterologist recommended probiotic. align. >>> we are so close to the fiscal cliff right now we can pra practically look over the edge. in fact, some people are saying it might even be too late for a deal and we'll go over that cliff. harry reid just took to the senate floor 30 minutes ago to say he thinks it's likely we're going to go over the cliff. republicans like house speaker john boehner and mitch mcconnell have been radio silent on negotiations. joining me is will kain and roland martin, a political analyst and columnist. wel
thank you. >>> coming up next, the fiscal cliff. we're close enough now to peek over the edge of that cliff. insiders say buckle up and prepare for the worst. ♪ ooh baby, looks like you need a little help there ♪ ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive...
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. >>> more on our special coverage of the fast moving negotiations over the fiscal cliff. up next, hear why one high profile democrat says going over the cliff would be good for the stock market. and your 401(k). check this out. >>> a compromise on the estate tax may be part of a last minute deal in the fiscal cliff. we're talking about how much money you can leave for your loved ones after you die. republicans want to extend the current estate tax that tops out at 35% and affects the states. the outline of the deal that just has been floated together would set the estate tax at 40% and the threshold at $5 million. let's bring christine romans in to make sense out of all of this. what do the numbers mean to real people? >> what it means, it is a victory politically for republicans and it means many republicans have said for a small business owner, small family farmers, people who have worked hard and amassed an estate, it means that they won't have to pay much more than they currently do for an estate tax. this is a true compromise here. because this is w
. >>> more on our special coverage of the fast moving negotiations over the fiscal cliff. up next, hear why one high profile democrat says going over the cliff would be good for the stock market. and your 401(k). check this out. >>> a compromise on the estate tax may be part of a last minute deal in the fiscal cliff. we're talking about how much money you can leave for your loved ones after you die. republicans want to extend the current estate tax that tops...
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fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am i on the naughty list again? ho ho ho! when i'm ou
fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable...
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cliff hanger in our next hour. these negotiations are raising questions about leadership in the house. could speaker john boehner be at risk of losing his position? at 10:00 we'll xl our washington panel. >>> one last look at headlines coming up next. can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. >>> basically going out and spending on oysters and salmon and champagne. and here, the most beautiful in the world, traffic will be completely closed down. so that hundreds of thousands of people can forget about the old here and ce
cliff hanger in our next hour. these negotiations are raising questions about leadership in the house. could speaker john boehner be at risk of losing his position? at 10:00 we'll xl our washington panel. >>> one last look at headlines coming up next. can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the...
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from facebook's ipo to the new apple boss, to the fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatenin
from facebook's ipo to the new apple boss, to the fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first...
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cliff. he landed about 30 minutes ago. you see him getting off of the air force one. the president shut his vacation short do deal with this economic crisis. according to a tweet from a white house spokesman, the president spoke with all four congressional leaders before leaving hawaii for washington, and the senate is reconvening today. now the automatic spending cuts and the tax increases that make up the fiscal cliff, they're set to take effect in just five days. much more on the fiscal cliff crisis, the effort to reach some kind of agreement later this hour. we're going go live to capitol hill for the latest as the senate returns to work. that is coming up in about 20 minutes. >>> and president obama's going to have another cabinet position to fill for the new year. we learned a short time ago apa lisa jackson is stepping down after the president's state of the union speech in january. jackson starting with the agency as a staff level scientist back in 1987. during her tenure as administ
cliff. he landed about 30 minutes ago. you see him getting off of the air force one. the president shut his vacation short do deal with this economic crisis. according to a tweet from a white house spokesman, the president spoke with all four congressional leaders before leaving hawaii for washington, and the senate is reconvening today. now the automatic spending cuts and the tax increases that make up the fiscal cliff, they're set to take effect in just five days. much more on the fiscal...
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." >>> "outfront" next, just six days until we all fall over the fiscal cliff and tonight, there's no action on capitol hill. will that change by the end of the year? tonight, two congressmen come "outfront" to talk specifics. plus, arizona's attorney general backs a plan reminiscent of the nra to arm school principles. does more guns in schools begin to add up? and the biggest political fumbles. the best of the worst from our the best of the worst from our politicians. -- captions by vitac -- www.vitac.com >>> i'm in for erin burnett. "outfront" tonight, christmas is over. washington back to work. the countydown is on. the clock is ticking. you've got six days to prevent this country from going over the fiscal cliff and today at least, we didn't see any action. nothing. nothing, nada. now, i'm not trying to be a grinch here. i hope everyone's had a merry, merry christmas. just like the president prescribed. >> drink some eggnog, have some christmas cookies, sing some christmas carols. >> but today's the 26th. you've drunk, you eaten and you've sung. now is the time for action. the la
." >>> "outfront" next, just six days until we all fall over the fiscal cliff and tonight, there's no action on capitol hill. will that change by the end of the year? tonight, two congressmen come "outfront" to talk specifics. plus, arizona's attorney general backs a plan reminiscent of the nra to arm school principles. does more guns in schools begin to add up? and the biggest political fumbles. the best of the worst from our the best of the worst from our...
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48 hours. >>> also we're keeping a close eye on the fiscal cliff in washington where negotiations are under way now with just less than 30 hours away before we head over that fiscal cliff. before we get back to the clinton story, i want to check in now with liza, she's standing by watching all the negotiations going on. where are we, are we closer to any sort of resolution, lisa? >> reporter: i hate to say it, don, but we don't know. let me give you a summary, because i know we have other breaking news about secretary clinton. point number one, negotiations right now are back to the point where it's between, essentially, two men. direct talks right now are between senate republican leader mitch mcconnell and vice president joe biden. biden is known for contacts in the senate and is called the senate whisperer, known as getting things through the senate when nobody else can. those are the two men in contact tonight trying to forge a deal. here's point number two, there was one battle today that democrats won, it was over something called the change cpa. it's basically a different way o
48 hours. >>> also we're keeping a close eye on the fiscal cliff in washington where negotiations are under way now with just less than 30 hours away before we head over that fiscal cliff. before we get back to the clinton story, i want to check in now with liza, she's standing by watching all the negotiations going on. where are we, are we closer to any sort of resolution, lisa? >> reporter: i hate to say it, don, but we don't know. let me give you a summary, because i know we...
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. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car
. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ trust duracell to power their donated toys? duralock power...
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, just six days until the fiscal cliff. the clock is ticking and it's not just about taxes. ahead, what else is at risk if a deal isn't reached in washington? >>> and the latest on former president george h.w. bush. an update on his condition is next. trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time aslee
, just six days until the fiscal cliff. the clock is ticking and it's not just about taxes. ahead, what else is at risk if a deal isn't reached in washington? >>> and the latest on former president george h.w. bush. an update on his condition is next. trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. i'm going to dream about that steak. i'm going to dream about...
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the fiscal cliff, only the beginning of the drama. three more deadlines over the next three months. federal barrowing has reached the 16.4 trillion debt ceiling. we have two months of head room if they move some stuff around in accounts, the deadline to tackle that is late february, early march. next up, the sequester, a series of automatic cuts in many agencies, they kick the can about two months to march. and then there is the continuing budget resolution which enacts a budget using short-term band aids. it continues to the end of march. liberal senators oppose giving high-income households a pass on tax increase. lawmakers have a grace period to avoid the bulk of tax increases and budget cuts without causing too much damage, that's, of course, assuming the markets don't completely freak out. >> the thing is, we should remind everyone, we actually are over the cliff. we have begun after that deadline, but nothing actually happens yet. >> but it does help this is not a working day. no federal offices, nobody to change any legislation or do anything. as long as the house gets this d
the fiscal cliff, only the beginning of the drama. three more deadlines over the next three months. federal barrowing has reached the 16.4 trillion debt ceiling. we have two months of head room if they move some stuff around in accounts, the deadline to tackle that is late february, early march. next up, the sequester, a series of automatic cuts in many agencies, they kick the can about two months to march. and then there is the continuing budget resolution which enacts a budget using...
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Dec 31, 2012
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doctors want to keep a close eye on her for the next 48 hours. >>> we're also closely following the fiscal cliff negotiations on capitol hill with the deadline just a little over 24 hours away. i want to go to cnn's lisa on capitol hill. lisa, lots of drama, you called this a federal frankenstein. where do we stand now? >> reporter: right, the monster is still here, but there is a chance the victory may be in congress's hands. we'll find out tomorrow morning, don. in fact, the republicans who were meeting in the house, they've now broken up. they've gone home, and we are -- you can probably see behind me, the very last people in the capitol. the fiscal cliff negotiations, don, have just come down to two men tonight, senator mitch mcconnell of the republicans and then vice president joe biden. we'll find out in the morning whether they were able to make any progress. back to you, don. >> fingers crossed. thank you. we'll have more on these developing stories at the top of the hour. >>> usain bolt is the fastest human being the world's ever known, but i wonder how he'd fair running against t
doctors want to keep a close eye on her for the next 48 hours. >>> we're also closely following the fiscal cliff negotiations on capitol hill with the deadline just a little over 24 hours away. i want to go to cnn's lisa on capitol hill. lisa, lots of drama, you called this a federal frankenstein. where do we stand now? >> reporter: right, the monster is still here, but there is a chance the victory may be in congress's hands. we'll find out tomorrow morning, don. in fact, the...
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Dec 26, 2012
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ryan will be back with us all week, tackling the fiscal cliff effect on your pocketbook. tomorrow ryan's take on what could be a ballooning tax bill for us. >>> chris brown and rihanna keeping people guessing about the next step in their lives. >>> war has started. and we are hopelessly outgunned. >> oh, i love that movie. we are going back to the movies big time. "usa today" reports box office ticket sales are heading toward an all-time high, breaking 2009's record. hollywood's take has been boosted by some blockbusters including "the avengers." according to boxofficemojo.com "the avengers" took in more than $623 million over a five-month period. woo! tom cruise is big at the box office but he made it into the year's top entertainment stories for something he did off screen and you probably know what that is. here's nischell turner with our rundown. >> reporter: catchy dance tunes, celebrity tunes and the tragic death of a singing icon, a few of the topics that had people talking. here's the look at the top ten stories from 2012. ♪ call me maybe >> reporter: the viral
ryan will be back with us all week, tackling the fiscal cliff effect on your pocketbook. tomorrow ryan's take on what could be a ballooning tax bill for us. >>> chris brown and rihanna keeping people guessing about the next step in their lives. >>> war has started. and we are hopelessly outgunned. >> oh, i love that movie. we are going back to the movies big time. "usa today" reports box office ticket sales are heading toward an all-time high, breaking 2009's...
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Jan 1, 2013
01/13
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cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. they will get back to work this afternoon. what's in the deal? well, it starts with the new income tax threshold. those folks agreed to let the taxes go up but only on the family who is make over $450,000 in combined income. the itemized deductions will also be capped at $300,000 for families. and the estate tax, that was a big sticking point for lawmakers, and now the tax rate goes up to 40% for estates that are valued over $5 million. so if you're under $5 million, you skated there too. other key points are an extension of the long-term unemployment benefits. the renewal of tuition and child care tax credits and then something called the doc fix. it reimburses doctors who take medicare patients. and what about the automatic spending cuts that were supposed to go into effect today? doomsday, yikes. they put those off. but only for two months. t
cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. they will get back to work this afternoon. what's in the deal? well, it starts with the new income tax threshold. those folks agreed to let the taxes go up but only on the family who is make over $450,000 in combined income. the itemized deductions will also be capped at $300,000 for families. and the estate tax, that was a big sticking point for...
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Dec 30, 2012
12/12
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cliff and we're going to deal with it over the next few days or few weeks. but unfortunately, for our country, every american's quality of life is going to be lesser than it should be because now this is going to drag on to the debt ceiling. we're going to have the same thing play out. >> the president says he's not going to play games, not going to play politics. >> i think he should lay out the reductions. we set the precedent on a dollar for a dollar, dollar increase in debt ceiling for a dollar in reductions. i actually laid out a bill to do that this week with lamar alexander. but i think what's been missing here, candy, is it appears to me that the president either lacks the courage or the will to lay out those specific things that need to happen because i assure you, if he would lay those out, the house would take it up, the senate would take it up, and we could move this behind us and we can start this next year with the wind at our back in this fiscal issue behind us like most of us would like to do. >> you know and i know that's not going to happen
cliff and we're going to deal with it over the next few days or few weeks. but unfortunately, for our country, every american's quality of life is going to be lesser than it should be because now this is going to drag on to the debt ceiling. we're going to have the same thing play out. >> the president says he's not going to play games, not going to play politics. >> i think he should lay out the reductions. we set the precedent on a dollar for a dollar, dollar increase in debt...
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Dec 29, 2012
12/12
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to the fiscal cliff -- the stakes are high and the time is short. and so far there has been no deal reached between the lawmakers and president obama to try to avoid going over the fiscal cliff that comes on new year's day. but after a meeting at the white house, the president said he is hopeful. >> i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> cnn's chief business correspondent ali velshi joins us from new york with some very good insight. senate majority leader harry reid has said if they don't reach something by monday he'll bring forward a bill to help out the middle class for an up-and-down vote. >> right. >> put everybody on the record, but especially republicans. isn't that the tactic? >> exactly right. the step before that is harry reid is working on some bill that
to the fiscal cliff -- the stakes are high and the time is short. and so far there has been no deal reached between the lawmakers and president obama to try to avoid going over the fiscal cliff that comes on new year's day. but after a meeting at the white house, the president said he is hopeful. >> i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class. and i'm optimistic we may still be...
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Dec 31, 2012
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is, is going over that so-called fiscal cliff. we'll see what happens over the next few hours. tom foreman, thank you. much more on the fiscal cliff coming up. >>> there are serious ramifications for almost every american involved in this negotiati negotiation. we'll update when when we come back. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> okay, we've got the breaking news we're following here in washington. we've been thinking about it. we've been talking about it for a long time. guess what, the united states is now going over the so-called fiscal cliff. that's becau
is, is going over that so-called fiscal cliff. we'll see what happens over the next few hours. tom foreman, thank you. much more on the fiscal cliff coming up. >>> there are serious ramifications for almost every american involved in this negotiati negotiation. we'll update when when we come back. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and...
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Jan 1, 2013
01/13
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does he see the fiscal cliff afwremt getting through the house? and we leave you with london's new year's celebration. there it is. you're watching starting point. happy new year. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatening. if you have
does he see the fiscal cliff afwremt getting through the house? and we leave you with london's new year's celebration. there it is. you're watching starting point. happy new year. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ]...
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Dec 28, 2012
12/12
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cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and won't be here until sunday. we all know that what happens here in washington, is that nothing really happens until they're really up against the deadline. that's why i'm also told by some democrats who really know what the process is going to be, if there is one, that they don't even see this potentially happening, if there is any kind of legislation that goes before december 31st, until probably that day, december 31st, because the pressure will have to be on to get enough republicans in the house and the senate, to pass this. >> right up to the edge. thank you, dana. thank you, jessica. now, right now, the most likely deal on the table see
cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and won't be here until sunday. we all know that...